Three M Paper Boards Limited Receives Credit Rating Reaffirmation from CARE Ratings
Three M Paper Boards Limited received credit rating reaffirmation from CARE Ratings Limited on December 10, 2025. The rating agency maintained CARE BBB- for long-term bank facilities and CARE A3 for short-term facilities, covering total bank facilities worth ₹85.41 crores. The ratings were based on the company's operational and financial performance for FY25 and H1FY26.
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Three M Paper Boards Limited has received reaffirmation of its credit ratings from CARE Ratings Limited, as communicated to BSE on December 12, 2025. The rating agency reviewed and maintained the existing credit ratings based on the company's operational and financial performance for FY25 (Audited) and H1FY26 (Unaudited).
Credit Rating Details
CARE Ratings Limited reaffirmed the following credit ratings for Three M Paper Boards Limited:
| Rating Category: | Rating Assigned | Status |
|---|---|---|
| Long Term Bank Facilities: | CARE BBB- (Triple B Minus) | Reaffirmed |
| Short Term Bank Facilities: | CARE A3 (A Three) | Reaffirmed |
The long-term rating carries a stable outlook, indicating the rating agency's assessment of the company's creditworthiness over an extended period.
Facility Structure and Amount
The total rated bank facilities amount to ₹85.41 crores, distributed across various categories:
| Facility Type: | Amount (₹ crores) |
|---|---|
| Long Term Bank Facilities: | 82.91 |
| Short Term Bank Facilities: | 2.50 |
| Total Facilities: | 85.41 |
Long-Term Facilities Breakdown
The long-term facilities of ₹82.91 crores include:
Term Loans: Multiple term loans from various banks including Axis Bank Ltd., SVC Co-operative Bank Ltd., and Federal Bank with varying repayment schedules ranging from 28 months to 84 months.
Fund-Based Limits: Working capital facilities from:
- SVC Co-operative Bank Ltd.: ₹20.00 crores
- State Bank of India: ₹11.00 crores
- Federal Bank: ₹9.00 crores
- Axis Bank Ltd.: ₹8.00 crores
Short-Term Facilities
The short-term facilities of ₹2.50 crores comprise non-fund based limits including bank guarantees and credit exposure limits from State Bank of India and Axis Bank Ltd.
Regulatory Compliance
The company made this disclosure in compliance with Regulation 30(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The announcement was signed by Hitendra Shah, Whole Time Director (DIN: 00448925), and includes the complete rating letter from CARE Ratings Limited for stakeholder reference.
CARE Ratings noted that the rating review was based on recent developments including the company's operational and financial performance, with the rating committee maintaining confidence in the existing rating levels across all facility categories.
Historical Stock Returns for Three M Paper Boards
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -100.00% | -100.00% | -100.00% | -100.00% | -100.00% | -100.00% |
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